Travis Kalanick, Uber’s ousted founder, will soon be in direct competition with his previous company after raising $400 million from Saudi Arabia for his new food-delivery startup, according to The Wall Street Journal.
Travis Kalanick’s net worth is $3.2 billion, according to Forbes.
Kalanick keeps his personal life fairly under wraps, but he spends much of his fortune on real estate and travel.
He has no clear ventures into philanthropy.
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Travis Kalanick cofounded Uber in 2009. But, after a series of scandals and a workplace culture where discrimination and sexual harassment were the norm, Kalanick resigned as CEO in 2017.
Though he’s no longer leading the global ride-hailing company, Kalanick remains wealthy. He’s worth $3.2 billion, according to Forbes.
On November 7, The Wall Street Journal reported he quietly raised $400 million for a food-delivery startup in January. The startup, CloudKitchens, would be in direct competition with Uber, where Kalanick is still a director.
Here’s how he spends his fortune:
SEE ALSO: Uber founder Travis Kalanick has reportedly raised $400 million for his next act from Saudi Arabia. He’ll be competing directly with his old company.
Source:: Businessinsider – Finance